Joe Biden's administration is considering releasing 1 million barrels of oil per day for the next few months from its Strategic Petroleum Reserve (SPR), three informed sources in Washington said. The aim is to bring down fuel prices.
The US president will report later in the day on his administration's actions on energy, the White House announced, as Russia's invasion of Ukraine and sanctions on Moscow are among the key factors pushing up oil prices.
(CNA)
CNA
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